Former Oyo Gov, Alao-Akala, 2 Others Arraigned Over Alleged N11.5bn Fraud

Former Oyo State Governor, Adebayo Alao-Akala has been docked over alleged N11.5bn fraud said to have been committed when he was the governor of the state.
The Economic and Financial Crimes Commission (EFCC) on Monday arraigned him and former Oyo State Commissioner for Local Government and Chieftaincy Matters, Senator Hosea Agboola; and an Ibadan-based businessman, Femi Babalola. in an Oyo State High Court sitting in Ibadan on 11-count charge.
The charge borders on conspiracy, awarding contract without budgetary provision, obtaining by false pretence, acquiring property with money derived from an illegal act and concealing the ownership of such property, among others.
The EFCC’s counsel, Dr. B. Ubi, told the court that when Alao-Akala was the governor of Oyo State, he awarded a road contract worth N8.5bn between 2007 and 2009 to Pentagon Engineering Services.
Ubi alleged that the firm, owned by Babalola, handled the contract on behalf of the 33 local governments without budgetary provision.
The counsel further claimed that Alao-Akala ordered the supply of drilling machines on behalf of the 33 local governments in the state to the tune of N3.5bn.
He also alleged that Alao-Akala conspired with Ayoola to withdraw N2.9bn from Oyo State Local Government Joint Account.
The prosecutor told the court that Alao-Akala also illegally acquired some property on Old Bodija road, off Rotimi Williams road, when he was the governor of the state.
He said the offences contravened Section 22 (4) of the Corrupt Practices and Other Related Offences Act and Section 1 (18) of the Advanced Fee Fraud Act.
The defendants, however, pleaded not guilty to the charges.
Justice Muniru Owolabi granted the defendants bail and adjourned the case till April 16 for trial.

Author: News Editor

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